Commodities Mixed at Session's Close; Crude Surges in Late Trading as Gold Backs Off Steady Advance

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Commodities finished trading in mixed fashion as gold futures backed off a steady week-long advance while crude surged in commodities trading.

Crude oil for November delivery closed up 2.7%, or $2.11, to settle at $79.97 a barrel.

In other energy futures, heating oil was up $0.05 to $2.24 a gallon while natural gas fell 2.55%, to $3.86 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was up 2.8% to $34.89. The United States Natural Gas ETF ( UNG ) was down 2.37% to $6.18.

Meanwhile, gold bulls took a breather as bullion futures closed lower for the day.

Gold for December delivery closed down $0.70 to $1,309.60 an ounce. In other metal futures, silver was down $0.13 to $21.82 a troy ounce while copper fell $0.01 to $3.65 a pound.

In metal ETFs, SPDR Gold Trust ( GLD ) was down 0.18% to $127.72. Market Vectors Gold Miners ( GDX ) was down 1.15% to $55.86. iShares Silver Trust ( SLV ) was down 0.47% to $21.30.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: GDX , GLD , SLV , UNG , USO

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